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Winstar continues to improve production at two Tunisian concessions


Published Mar 11, 2013
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Winstar provides update on Tunisian operations

Winstar Resources Ltd. reports that production at two of its 100% owned and operated Southern Tunisian production concessions (Chouech Essaida and Ech Chouech) continues to improve. These two concessions, along with the Sanrhar concession, were shut in from January 16, 2013 to February 15, 2013 due to labour unrest and related safety plus security issues.

The Company's total average daily production from March 1 to March 6, 2013 was approximately 1,450 net barrels of oil equivalent ('boepd'). This six day average rate excludes potential contributions of incremental production from the 100% owned and operated Sanhrar concession (about 80 net boepd) and potential production from the 100% owned and operated Chouech Essaida Silurian Number 10 ('CS Sil #10') well. Production rates are not yet stabilized, as wells continue to recover and re-establish a steady state, after being shut in for 28 days last January and February 2013.

Tags: Winstar Resources Ltd.




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